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Deutsche Asset Management Launches High Yield Bond ETF: Top Portfolio Products

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Deutsche Asset Management (Deutsche AM) launched the Deutsche X-trackers USD High Yield Corporate Bond ETF (HYLB).

“For investors seeking pure high-yield beta exposure as part of their diversification strategy in their overall asset allocation, they can now do so in a fast and cost-effective way through the Deutsche X-trackers USD High Yield Corporate Bond ETF,” said Fiona Bassett, head of passive asset management at Deutsche, in a statement.

In conjunction with the ETF launch, Solactive AG introduced the Solactive USD High Yield Corporates Total Market Index, a market value weighted benchmark engineered to mirror the performance of High Yield corporate bonds issued in USD. The index has been licensed to Deutsche Bank and will be used as the basis for HYLB.

“In the current low interest rate environment, high-yield bonds provide investors with a potential source of income. In addition, as the market is anticipating an interest-rate hike by the U.S. Federal Reserve Board, the high-yield market tends to be less impacted by rate moves, shielding investors from potential volatility,” Bassett said in a statement.

ETF Focused on Wearable Devices Launches

Exchange Traded Concepts, LLC partnered with Eve Capital to launch an ETF focused exclusively on public companies that are engaged in the manufacture and sale of wearable devices and their component manufacturers, according to a recent announcement.

The WEAR ETF (WEAR) is based on the Wearables Index developed by EQM Indexes. The fund includes notable companies such as Apple, Fitbit, Garmin, Boston Scientific, GoPro and Seiko among others. 

AC Alternatives  Adds Emerging Opportunities Total Return Fund

American Century Investments added the AC Alternatives Emerging Opportunities Total Return Fund (AEOBX) for investors looking to diversify their fixed income portfolios through securities that are economically tied to emerging market countries, according to an announcement.

The product intends to be a “best ideas” Emerging Markets Debt portfolio, according to American Century’s head of Emerging Markets Debt Marge Karner.

Managed by a team of emerging markets debt specialists, the new fund is available in investor, institutional, A, R and R6 share classes.

Medicare Rights Center Launches a Brand-New Online Curriculum for Professionals

The Medicare Rights Center announced the launch of the new-and-improved Medicare Interactive Pro (MI Pro), an online curriculum designed to empower professionals to better help their clients, patients, employees, retirees and others navigate a multitude of Medicare questions.

MI Pro offers a four-level Core Curriculum, with four to five video-based courses in each level. Among the topics included are: “Medicare Basics,” “Medicare Appeals and Penalties,” and “Medicare and Other Insurance and Assistance Programs.” Courses start at $20 each, with group rates available.  

MFS Launches Lifetime 2060 Target Date Fund

MFS Investment Management launched MFS Lifetime 2060 Fund, the latest offering in its line of target date funds. The fund gives plan sponsors and plan advisors a long-dated investment option for younger workers in defined contribution plans with more than 40 years ahead of them to save for retirement.


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